If we look at the Top Gainers from the past day, it is pretty clear cut that some of the BIG NAMES might have been on the list that shows the counters are way below the market value.
ASTRO at 3.08 closing on 17-Sep-2015
ASTRO gained 9 cents on 17-Sep-2015 which is equivalent to 1% increase in the share price. I believe the increase in interest from the investors for this share counter might be related to its announcement for SECOND INTERIM DIVIDEND. With a payout of 2.75 cents for the share, it might be something that attracts the investors.
GENTING at 7.90 closing on 17-Sep-2015
GENTING closed on 15-Sep at 7.22. The share price jumped up to 7.43 when the market resumed on 17-Sep and closed at 7.90. That's an increase of 9.4% of the share price within 1 day! I believe the announcement of FORMATION OF A NEW INDIRECT SUBSIDIARY will not be such good news to push the share price up that far.
DIGI at 5.79 closing on 17-Sep-2015
DIGI gained 5.2% on Thursday and closed at 5.79 which translates to 29 cents increase on that day itself. The share price was around 5.25 a week ago and it has now gained at least 54 cents! That's an astonishing 10.3% increase in the share price. If you do check the section for Announcements you would not be able to find any outstanding or spectacular news which might be able to boost the share price up this way. Don't get me wrong as I believe in the strength of that company but within a week it managed to jump up that much does seem questionable.
As a conclusion, I would advise the investors to ride with the wave if you do know which counters might be enjoying the additional boost from the funds. Do remember that the market is volatile and anything can happen. Invest in your own affordability measures and may you gain in whatever counters you do invest! Happy Trading!
